Posts Tagged ‘invest’

As early as grade school, I have opened an account for my kids so they can start saving up and teach how to spend their money wisely. What goes in their account are savings from their allowances, gifts during their birthdays and Christmas, and me and my mom deposits extra cash whenever we have.

Next year, my daughter will enter college and now I am thinking of opening some sort of rechargeable credit cards or a debit card, so she won’t have to bring cash anywhere she goes. Especially if she’s riding the public transportation.

I am sure there is one bank instrument that can provide this where I am able to track my kid’s spending and remain connected even if she decides to live in a boarding house.

Oh well… time flies so fast! My eldest will soon be on her own while she studies college. Although I want to be at her side at all times, but I have too let her wing spread so she can find her own destiny.

I remember my son telling me to withdraw in my ATM every time he asks for money. For him my bank was a bottomless pit that I could get whenever I want. With a smile, it was then that I realized I had to teach my kids the value of saving up.

From then on I started, to give them their own piggy bank so they can put in their extra allowance with the promise that I would double up their saving come December. It was something they look forward to.

Growing up I was never really educated on the value of saving up. Probably because family was not that well-off and the money coming in was just enough for our daily expenses however, I came to realize that a person do not need to be rich to save up. In fact, your investment will bring you more cash flow than your regular income.

Cash flow and income may be profound terminologies for my children to understand so a simple piggy bank is the best way to start. I am a believer that children who learn to save at an early age will have a greater advantage in managing their finances when they grow up.

Aside from saving up, I also try to teach them to look for ways to get a good bargain when they buy their stuff. Like when they need to purchase a new pair of shoes, we try to look for scheduled “sale” or even gather coupons that offer a percentage off on any purchase.

It is never too early to teach kids the value of saving up, I know this will greatly help them when they grow up.

For women like me, gold has been an object of desire because of it natural beauty. I personally have acquired my own set of gold jewelries even before I got married, not only for its exquisiteness but it’s also for investment.

Gold is one of the most sought after means of exchange dating back centuries ago. Its beauty has made it a universal currency.

A lot of individuals nowadays are using it as an investment to protect them from fluctuations and depreciation. You can say that gold investment is a safe haven against any socio-economic and political instability.

How do acquire gold as an investment? Personally, I still have to learn about the ABC’s of Gold Investing. Investment advisors can educate you on how to properly invest on this precious metal. You can self –study and buy your gold in an outright purchase or even buy gold online. Obviously, you need to make sure that you’re dealing with a reputable dealer. Be sensible and conduct a background check for your safety and peace of mind.

In recent years, we have seen markets crash and having a diversified investment is one way protecting your life savings. As the old saying goes, “Do not put your eggs in one basket.”

I remember my hubby talking over the phone with a good friend, I suddenly heard my name and asked him why? Apparently, his friend was inviting him to go and check out The Crocs Sale at the Mega Tent, he declined the invite by saying that I was already done with it. I laughed because he stressed out that, I always go for any sale, no matter what! I guess hubs really knows me, LOL!

Of course, it was just a laughing matter to my hubs but to my defense, I told him that I only go and hunt out for bargains if the product is really okay. If not, I just let it be. Nowadays, everyone needs to be practical, and hunt out for discounts however low it maybe.

Even when it comes to investments, you go for the one that is affordable and would fit your needs. The less cash you spend the better, as long as the you do not compromise the quality. Like when you’re scouting for affordable health insurance or car insurance, you review the coverage and try to compare it against its prices.

According to Wikipedia, Investment is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in form of interest, income, or appreciation of the value of the instrument.
Obtaining an investment whether a business, a property or other forms, can secure you and your family of future financial stability. I have seen this work with a lot of people who are now reaping the fruits of their investment or their parent’s investments.
As we age, our earning capacity depletes until such time that we need to retire. Retirement is a phase in our lives which we need to prepare for. We would not want to be a burden to our kids or to other people when we grow old.

There are many kinds of investments you can choose from while you are still young. Some of these include bonds, money market funds, mutual funds, stocks, life insurance, real estate and establishing your own business. Properly invested funds will not only secure your own retirement, it can also provide financial security for your children.

If you prefer to invest on real estate, make sure you get a licensed broker so you can shop wisely for properties that will best suit your needs. Likewise, an insurance agent can provide you with the best life insurance rate in the market.